The Figure Given Below Shows the Income-Leisure Trade Off of an Individual.Figure

question 18

Multiple Choice

The figure given below shows the income-leisure trade off of an individual.Figure 16.5
AB and AC: Income constraints of the individual
I₁, I₂, and I₃ curves show the income leisure choices of the individual.
-For economists, discrimination is difficult to rationalize because:

• A)it is costly to those who discriminate.
• B)the firms can actually reap greater profits by discriminating between their workers.
• C)in a freely functioning labor market, there is no such thing as discrimination.
• D)economists know that in the real world, personal prejudices do not exist.
• E)wages will not be allowed to fall below their natural equilibrium rate.

---

Definitions:

Readiness Level

The degree to which an individual, group, or organization is prepared and able to undertake a specific task or to respond to a situation.

Leadership Style

The characteristic approach and methods used by a leader to guide, motivate, and manage their team.

Strategic Goals

Long-term objectives intended to guide the direction and decision-making processes of an organization or individual in pursuit of favorable outcomes.

Colin Powell

A former U.S. military general and statesman known for his leadership roles, including serving as Secretary of State.